Takeover Thread - July 1st statement, Staveley letter to Tracey Crouch (and response) in OP

[nbthree3]

Sometimes I wish this thread was locked until we heard something definitive. What use is it speculating over hypothetical technicalities for or against this deal?

[Mag_in_NZ]

Is it just me or do we seem to have a lot of “new members” post December 2020....all on the negative side

 

Trolls, other clubs doofuses or just shitheads like good old boy Lukey

 

This patter is almost as tragic as ‘Mag’ on RTG.

 

If you want to read blind optimism, I’m reliably informed there is a thread for that.

 

It isn’t blind optimism I have, as much as I would like it to happen, but the last couple of months have seen nothing but the same names spouting relentless negativity irrespective of what has been said and selectively quoting to suit that agenda. If you were so concerned about this takeover can I ask what brought you to the forum only two months ago

 

Btw I read the “optimism” thread for a bit of light hearted relief and do understand that wanting it to happen doesn’t mean it will.....

 

 

[et tu brute]

I’m not thinking the takeover is going ahead by a long shot, but, why are you not including the statements concerning the arbitration. If you’re going to use official statements to back your point, then don’t only use part of them which doesn’t paint the whole picture of what has happened.

 

I copied and pasted the whole statement.

 

 

Where’s the other statements that’s what I’m saying.

 

NUFC, AS or PIF haven’t released any other official statements. That’s the whole point.

 

Wrong good night ?

 

Club statement

Newcastle United has issued the following club statement on Thursday 19 November 2020:

“The Club has previously not commented on the arbitration it is pursuing against the Premier League (‘EPL’) with respect to its conduct relating to the proposed takeover because of the confidentiality clause in the EPL's rules.

"However, the Club is aware of public reports which state that, on 17 November, the EPL referred to legal proceedings with the Club (e.g. social media posts referring to the “Club’s own legal case”) in a letter to Newcastle supporters.

"The source of some of the reporting is said to be the EPL. It appears, therefore, that the EPL has leaked the contents of their letter to some of those commenting in the public domain.

"The Club understands that these will be matters of great concern to its fans and therefore considers that, in light of the information disclosed by the EPL, it has no choice but to respond and update its fans in response to this coverage.

"The Club makes no comment on the substance of the arbitration, but it can confirm that it has issued arbitration proceedings against the EPL.

"It is unclear when those proceedings will be resolved, given the approach of the EPL and its lawyers, Bird & Bird. Nevertheless, the Club will continue to use its best efforts to press for a fair, full and timely hearing of its claim.”

 

The original discussion is about MA/PIF/AS releasing statements to say the takeover is on/off.

 

They’ve all released a statement to say it’s off. Since then none of them have spoken officially to say it’s back on.

 

The statement you have shared is MA potentially pursuing a case against the PL, which isn’t confirmation PIF/the deal are (or ever will be) back at the table.

 

I was answering the question from a poster who said “it’s on until they say it’s off”, my point is - they all have already said it’s off. It’s technically the other way round.... it’s off until they say it’s back on.

 

Yes they have.

 

They’ve said it’s back on? Where?

 

 

For a start that original statement from the club does not say it’s off and was followed up by the arbitration statement.

 

It literally says the deal has been rejected What about AS’s interview and PIF’s statements? Do they not say its off?

 

 

Rejected yes and then states the club are considering options, which then led to arbitration and the other statement which followed. Pointless even discussing things with you as you’re ignoring things which are there in black and white. Whether the takeover goes ahead I very much doubt, but, you’re totally misrepresenting the original NUFC statement, whilst will fully ignoring the follow up statement.

[Fantail Breeze]

If it was off then why wouldn't AS say so? I can't think of a single reason why she wouldn't, she's not exactly shy about engaging the media and has done exactly that on a couple of occasions now.

 

This is on until someone significant says its off. It's as simple as that.

 

The main party in the consortium literally did say this.

 

So it's been off since that point in your eyes? If so then Ashley's statement and subsequent actions dont add up, furthermore there's enough out there to suggest PIF are still keen, even Luke Edwards accepted PIF were still on board. But further to my original point, we know how AS operates in these exact situations because she's been through them before so it makes no sense for us to believe she'd just slink off into the night without a single word being spoken.

 

Absolutely. It has been off since then.

 

Ashley’s statement and subsequent actions can be explained because he’s unhappy the deal is off. Why would he be fighting for a deal which is going ahead? He wouldn’t need to.

 

It may only be back on once multiple hurdles have been overcome - sadly none of them are even close.

 

Because he doesn't believe the test was carried out properly and feels it should have gone through? He even made direct reference to the fact PIF had provided information the EPL had requested. Those aren't the words of a man who believes this is dead.

 

Well actually, they are the words from a man who believes this is dead:

 

http://www.nufc.co.uk/news/latest-news/club-statement-1

 

Newcastle United can confirm that the Premier League has rejected a takeover bid made by PCP Capital Partners, the Reuben Brothers and the Public Investment Fund of Saudi Arabia (PIF) based on its Owners and Directors test.

 

This conclusion has been reached despite the club providing the Premier League with overwhelming evidence and legal opinions that PIF is independent and autonomous of the Saudi Arabian government.

 

The club and its owners do not accept that Premier League chief executive Richard Masters and the Premier League have acted appropriately in relation to this matter and will be considering all relevant options available to them.

 

Mike Ashley understands fans’ frustrations and would like to reassure them that he has been fully committed to ensuring this takeover process reached completion as he felt it was in the best interests of the club. Mike continues to be fully supportive to Steve Bruce, the players and all the staff and wishes them well for the upcoming season.

 

AS carried out an interview where she informed us the deal was off.

PIF released a statement withdrawing their bid.

MA released the above statement advising the takeover had collapsed.

 

What more do you want/need?

 

Richard Masters himself denied they'd rejected the takeover, and the club subsequently pursued arbitration on the issue of whether the OD test applied appropriately. I'm no legal expert but if the case was for compensation, then I'm not sure why the club would be pursuing it, and not Ashley himself. It's his asset after all.

 

It's worth mentioning that AS also engaged fan action on the issues which we obliged. The Reuben brothers released a statement confirming they're "totally supportive" of a resurrection of the takeover and there has been plenty written about PIFs continued interest. These aren't the actions of people who no longer see the takeover as a viable option.

 

Your last part answers the original point. The Reubens are supportive of a ‘resurrection’. You don’t tend to need to resurrect something that is currently active. The deal is currently off. There is no deal.

 

There only would be a deal if multiple complex issues are resolved (in addition to the arbitration). All of which currently look unlikely.

[Fantail Breeze]

Is it just me or do we seem to have a lot of “new members” post December 2020....all on the negative side

 

Trolls, other clubs doofuses or just shitheads like good old boy Lukey

 

This patter is almost as tragic as ‘Mag’ on RTG.

 

If you want to read blind optimism, I’m reliably informed there is a thread for that.

 

It isn’t blind optimism I have, as much as I would like it to happen, but the last couple of months have seen nothing but the same names spouting relentless negativity irrespective of what has been said and selectively quoting to suit that agenda. If you were so concerned about this takeover can I ask what brought you to the forum only two months ago

 

Rejected yes and then states the club are considering options, which then led to arbitration and the other statement which followed. Pointless even discussing things with you as you’re ignoring things which are there in black and white. Whether the takeover goes ahead I very much doubt, but, you’re totally misrepresenting the original NUFC statement, whilst will fully ignoring the follow up statement.

 

What has been said that I have ignored? Nothing has been said on the record to suggest the deal is on. As I’ve said multiple times, arbitration proceedings does not mean a takeover is going to happen. I think people misunderstand what the process is and can do. There are multiple other factors of greater significance that need resolving too.

 

Jacobs is completely spot on, btw.

 

I joined two months ago to talk about all things Newcastle on a Newcastle forum. My posts aren’t only directed in this thread and I share my thoughts in others too.

[Hhtoon]

I’m not thinking the takeover is going ahead by a long shot, but, why are you not including the statements concerning the arbitration. If you’re going to use official statements to back your point, then don’t only use part of them which doesn’t paint the whole picture of what has happened.

 

I copied and pasted the whole statement.

 

 

Where’s the other statements that’s what I’m saying.

 

NUFC, AS or PIF haven’t released any other official statements. That’s the whole point.

 

What do you think arbitration is attempting to achieve?

Do you believe the reporters writing about buyers and sellers intentions are:

a. Lying and have had no contact?

b. Being lied to by buyers and sellers?

 

In either a or b, what is the motive?

 

I'm absolutely not saying I expect it to go through, but to try and be black and white about it seems a little obtuse.

 

I don’t know what arbitration is trying to achieve. If it was trying to achieve a sale, I’d have massive questions as to why MA is willing to spend millions of pounds on a court case but fail to pay off Bruce to avoid ruining the court case with a relegation. My feelings are MA is trying to get a compensatory claim.

 

Regardless of the arbitration though, that won’t resolve the real issues which are mainly piracy. MA might well win his claim, but the takeover still won’t happen until multiple complex issues in KSA/Qatar are resolved. That’s why people like Keith are full of shit. Telling people to wait for the outcome of the arbitration is pointless because it isn’t the sole deciding factor in this takeover but he’s leading people to believe it is.

 

I think the reporters have had genuine contact from the buyers and sellers, who all hope the takeover goes through and with their best intentions want to keep it in the news/as a positive light. However, the buyers and sellers have had this same confidence for 12 months... Nothing has happened and nothing has got closer. We’re not being told to wait until the summer.

 

As your own quote from the club says, they firmly believe enough legal evidence was shown proving the separation of PIF from the Royal family. If this is what the court case is attempting to resolve, then the whole Bein issue becomes irrelevant.

 

Now it might be that MA is after compensation but whatever the reason, he only wins the legal battle if its proven that PIF is separate in which case it opens up for the takeover again. At which point I believe PIF will come back to the table (relegation notwithstanding).

 

Whether or not he wins that case is another matter. Then Keith can swoop in and save the day with his legal action 

[et tu brute]

Sometimes I wish this thread was locked until we heard something definitive. What use is it speculating over hypothetical technicalities for or against this deal?

 

 

I agree ☝️

[Thumbheed]

If it was off then why wouldn't AS say so? I can't think of a single reason why she wouldn't, she's not exactly shy about engaging the media and has done exactly that on a couple of occasions now.

 

This is on until someone significant says its off. It's as simple as that.

 

The main party in the consortium literally did say this.

 

So it's been off since that point in your eyes? If so then Ashley's statement and subsequent actions dont add up, furthermore there's enough out there to suggest PIF are still keen, even Luke Edwards accepted PIF were still on board. But further to my original point, we know how AS operates in these exact situations because she's been through them before so it makes no sense for us to believe she'd just slink off into the night without a single word being spoken.

 

Absolutely. It has been off since then.

 

Ashley’s statement and subsequent actions can be explained because he’s unhappy the deal is off. Why would he be fighting for a deal which is going ahead? He wouldn’t need to.

 

It may only be back on once multiple hurdles have been overcome - sadly none of them are even close.

 

Because he doesn't believe the test was carried out properly and feels it should have gone through? He even made direct reference to the fact PIF had provided information the EPL had requested. Those aren't the words of a man who believes this is dead.

 

Well actually, they are the words from a man who believes this is dead:

 

http://www.nufc.co.uk/news/latest-news/club-statement-1

 

Newcastle United can confirm that the Premier League has rejected a takeover bid made by PCP Capital Partners, the Reuben Brothers and the Public Investment Fund of Saudi Arabia (PIF) based on its Owners and Directors test.

 

This conclusion has been reached despite the club providing the Premier League with overwhelming evidence and legal opinions that PIF is independent and autonomous of the Saudi Arabian government.

 

The club and its owners do not accept that Premier League chief executive Richard Masters and the Premier League have acted appropriately in relation to this matter and will be considering all relevant options available to them.

 

Mike Ashley understands fans’ frustrations and would like to reassure them that he has been fully committed to ensuring this takeover process reached completion as he felt it was in the best interests of the club. Mike continues to be fully supportive to Steve Bruce, the players and all the staff and wishes them well for the upcoming season.

 

AS carried out an interview where she informed us the deal was off.

PIF released a statement withdrawing their bid.

MA released the above statement advising the takeover had collapsed.

 

What more do you want/need?

 

Richard Masters himself denied they'd rejected the takeover, and the club subsequently pursued arbitration on the issue of whether the OD test applied appropriately. I'm no legal expert but if the case was for compensation, then I'm not sure why the club would be pursuing it, and not Ashley himself. It's his asset after all.

 

It's worth mentioning that AS also engaged fan action on the issues which we obliged. The Reuben brothers released a statement confirming they're "totally supportive" of a resurrection of the takeover and there has been plenty written about PIFs continued interest. These aren't the actions of people who no longer see the takeover as a viable option.

 

Your last part answers the original point. The Reubens are supportive of a ‘resurrection’. You don’t tend to need to resurrect something that is currently active. The deal is currently off. There is no deal.

 

There only would be a deal if multiple complex issues are resolved (in addition to the arbitration). All of which currently look unlikely.

 

Ahh, so you're arguing semantics. Then yes, I agree there is no official bid on the table that is awaiting approval, but it's my concrete belief that there will be should the clubs "compensation" claim be successful (and we don't get relegated).

 

[Fantail Breeze]

I’m not thinking the takeover is going ahead by a long shot, but, why are you not including the statements concerning the arbitration. If you’re going to use official statements to back your point, then don’t only use part of them which doesn’t paint the whole picture of what has happened.

 

I copied and pasted the whole statement.

 

 

Where’s the other statements that’s what I’m saying.

 

NUFC, AS or PIF haven’t released any other official statements. That’s the whole point.

 

What do you think arbitration is attempting to achieve?

Do you believe the reporters writing about buyers and sellers intentions are:

a. Lying and have had no contact?

b. Being lied to by buyers and sellers?

 

In either a or b, what is the motive?

 

I'm absolutely not saying I expect it to go through, but to try and be black and white about it seems a little obtuse.

 

I don’t know what arbitration is trying to achieve. If it was trying to achieve a sale, I’d have massive questions as to why MA is willing to spend millions of pounds on a court case but fail to pay off Bruce to avoid ruining the court case with a relegation. My feelings are MA is trying to get a compensatory claim.

 

Regardless of the arbitration though, that won’t resolve the real issues which are mainly piracy. MA might well win his claim, but the takeover still won’t happen until multiple complex issues in KSA/Qatar are resolved. That’s why people like Keith are full of s***. Telling people to wait for the outcome of the arbitration is pointless because it isn’t the sole deciding factor in this takeover but he’s leading people to believe it is.

 

I think the reporters have had genuine contact from the buyers and sellers, who all hope the takeover goes through and with their best intentions want to keep it in the news/as a positive light. However, the buyers and sellers have had this same confidence for 12 months... Nothing has happened and nothing has got closer. We’re not being told to wait until the summer.

 

As your own quote from the club says, they firmly believe enough legal evidence was shown proving the separation of PIF from the Royal family. If this is what the court case is attempting to resolve, then the whole Bein issue becomes irrelevant.

 

Now it might be that MA is after compensation but whatever the reason, he only wins the legal battle if its proven that PIF is separate in which case it opens up for the takeover again. At which point I believe PIF will come back to the table (relegation notwithstanding).

 

Whether or not he wins that case is another matter. Then Keith can swoop in and save the day with his legal action 

 

The first part isn’t true though. Arbitration is there to look at whether the PL followed it’s own processes. It cannot force the PL to make a determination either way on whether PIF are separate.

 

The PL can make whatever decision they like, providing they do it fairly in accordance to their own rules. NUFC’s argument is they haven’t followed their own processes by not making a determination.

 

The PL will only agree to the takeover if the piracy issues are resolved. NUFC may ‘win’ arbitration but the PL could just therefore issue a rejection because they believe PIF are state-backed.

[Fantail Breeze]

If it was off then why wouldn't AS say so? I can't think of a single reason why she wouldn't, she's not exactly shy about engaging the media and has done exactly that on a couple of occasions now.

 

This is on until someone significant says its off. It's as simple as that.

 

The main party in the consortium literally did say this.

 

So it's been off since that point in your eyes? If so then Ashley's statement and subsequent actions dont add up, furthermore there's enough out there to suggest PIF are still keen, even Luke Edwards accepted PIF were still on board. But further to my original point, we know how AS operates in these exact situations because she's been through them before so it makes no sense for us to believe she'd just slink off into the night without a single word being spoken.

 

Absolutely. It has been off since then.

 

Ashley’s statement and subsequent actions can be explained because he’s unhappy the deal is off. Why would he be fighting for a deal which is going ahead? He wouldn’t need to.

 

It may only be back on once multiple hurdles have been overcome - sadly none of them are even close.

 

Because he doesn't believe the test was carried out properly and feels it should have gone through? He even made direct reference to the fact PIF had provided information the EPL had requested. Those aren't the words of a man who believes this is dead.

 

Well actually, they are the words from a man who believes this is dead:

 

http://www.nufc.co.uk/news/latest-news/club-statement-1

 

Newcastle United can confirm that the Premier League has rejected a takeover bid made by PCP Capital Partners, the Reuben Brothers and the Public Investment Fund of Saudi Arabia (PIF) based on its Owners and Directors test.

 

This conclusion has been reached despite the club providing the Premier League with overwhelming evidence and legal opinions that PIF is independent and autonomous of the Saudi Arabian government.

 

The club and its owners do not accept that Premier League chief executive Richard Masters and the Premier League have acted appropriately in relation to this matter and will be considering all relevant options available to them.

 

Mike Ashley understands fans’ frustrations and would like to reassure them that he has been fully committed to ensuring this takeover process reached completion as he felt it was in the best interests of the club. Mike continues to be fully supportive to Steve Bruce, the players and all the staff and wishes them well for the upcoming season.

 

AS carried out an interview where she informed us the deal was off.

PIF released a statement withdrawing their bid.

MA released the above statement advising the takeover had collapsed.

 

What more do you want/need?

 

Richard Masters himself denied they'd rejected the takeover, and the club subsequently pursued arbitration on the issue of whether the OD test applied appropriately. I'm no legal expert but if the case was for compensation, then I'm not sure why the club would be pursuing it, and not Ashley himself. It's his asset after all.

 

It's worth mentioning that AS also engaged fan action on the issues which we obliged. The Reuben brothers released a statement confirming they're "totally supportive" of a resurrection of the takeover and there has been plenty written about PIFs continued interest. These aren't the actions of people who no longer see the takeover as a viable option.

 

Your last part answers the original point. The Reubens are supportive of a ‘resurrection’. You don’t tend to need to resurrect something that is currently active. The deal is currently off. There is no deal.

 

There only would be a deal if multiple complex issues are resolved (in addition to the arbitration). All of which currently look unlikely.

 

Ahh, so you're arguing semantics. Then yes, I agree there is no official bid on the table that is awaiting approval, but it's my concrete belief that there will be should the clubs "compensation" claim be successful (and we don't get relegated).

 

As above - that’s not true or possible. There is much more to it then just the arbitration.

[Dr Jinx]

I can’t say this whole debacle has been in any way good for my mental health, being fixated on this good news that never happens, it takes it's toll.

 

The only people who have done well off this are the journalists. It’s given them a licence to stay relevant without having to do any actual journalism. I include Caulkin in this too.

[Thumbheed]

If it was off then why wouldn't AS say so? I can't think of a single reason why she wouldn't, she's not exactly shy about engaging the media and has done exactly that on a couple of occasions now.

 

This is on until someone significant says its off. It's as simple as that.

 

The main party in the consortium literally did say this.

 

So it's been off since that point in your eyes? If so then Ashley's statement and subsequent actions dont add up, furthermore there's enough out there to suggest PIF are still keen, even Luke Edwards accepted PIF were still on board. But further to my original point, we know how AS operates in these exact situations because she's been through them before so it makes no sense for us to believe she'd just slink off into the night without a single word being spoken.

 

Absolutely. It has been off since then.

 

Ashley’s statement and subsequent actions can be explained because he’s unhappy the deal is off. Why would he be fighting for a deal which is going ahead? He wouldn’t need to.

 

It may only be back on once multiple hurdles have been overcome - sadly none of them are even close.

 

Because he doesn't believe the test was carried out properly and feels it should have gone through? He even made direct reference to the fact PIF had provided information the EPL had requested. Those aren't the words of a man who believes this is dead.

 

Well actually, they are the words from a man who believes this is dead:

 

http://www.nufc.co.uk/news/latest-news/club-statement-1

 

Newcastle United can confirm that the Premier League has rejected a takeover bid made by PCP Capital Partners, the Reuben Brothers and the Public Investment Fund of Saudi Arabia (PIF) based on its Owners and Directors test.

 

This conclusion has been reached despite the club providing the Premier League with overwhelming evidence and legal opinions that PIF is independent and autonomous of the Saudi Arabian government.

 

The club and its owners do not accept that Premier League chief executive Richard Masters and the Premier League have acted appropriately in relation to this matter and will be considering all relevant options available to them.

 

Mike Ashley understands fans’ frustrations and would like to reassure them that he has been fully committed to ensuring this takeover process reached completion as he felt it was in the best interests of the club. Mike continues to be fully supportive to Steve Bruce, the players and all the staff and wishes them well for the upcoming season.

 

AS carried out an interview where she informed us the deal was off.

PIF released a statement withdrawing their bid.

MA released the above statement advising the takeover had collapsed.

 

What more do you want/need?

 

Richard Masters himself denied they'd rejected the takeover, and the club subsequently pursued arbitration on the issue of whether the OD test applied appropriately. I'm no legal expert but if the case was for compensation, then I'm not sure why the club would be pursuing it, and not Ashley himself. It's his asset after all.

 

It's worth mentioning that AS also engaged fan action on the issues which we obliged. The Reuben brothers released a statement confirming they're "totally supportive" of a resurrection of the takeover and there has been plenty written about PIFs continued interest. These aren't the actions of people who no longer see the takeover as a viable option.

 

Your last part answers the original point. The Reubens are supportive of a ‘resurrection’. You don’t tend to need to resurrect something that is currently active. The deal is currently off. There is no deal.

 

There only would be a deal if multiple complex issues are resolved (in addition to the arbitration). All of which currently look unlikely.

 

Ahh, so you're arguing semantics. Then yes, I agree there is no official bid on the table that is awaiting approval, but it's my concrete belief that there will be should the clubs "compensation" claim be successful (and we don't get relegated).

 

As above - that’s not true or possible. There is much more to it then just the arbitration.

 

Based on what out of interest?

[duo]

Sometimes I wish this thread was locked until we heard something definitive. What use is it speculating over hypothetical technicalities for or against this deal?

 

 

I agree ☝️

[Hhtoon]

I’m not thinking the takeover is going ahead by a long shot, but, why are you not including the statements concerning the arbitration. If you’re going to use official statements to back your point, then don’t only use part of them which doesn’t paint the whole picture of what has happened.

 

I copied and pasted the whole statement.

 

 

Where’s the other statements that’s what I’m saying.

 

NUFC, AS or PIF haven’t released any other official statements. That’s the whole point.

 

What do you think arbitration is attempting to achieve?

Do you believe the reporters writing about buyers and sellers intentions are:

a. Lying and have had no contact?

b. Being lied to by buyers and sellers?

 

In either a or b, what is the motive?

 

I'm absolutely not saying I expect it to go through, but to try and be black and white about it seems a little obtuse.

 

I don’t know what arbitration is trying to achieve. If it was trying to achieve a sale, I’d have massive questions as to why MA is willing to spend millions of pounds on a court case but fail to pay off Bruce to avoid ruining the court case with a relegation. My feelings are MA is trying to get a compensatory claim.

 

Regardless of the arbitration though, that won’t resolve the real issues which are mainly piracy. MA might well win his claim, but the takeover still won’t happen until multiple complex issues in KSA/Qatar are resolved. That’s why people like Keith are full of s***. Telling people to wait for the outcome of the arbitration is pointless because it isn’t the sole deciding factor in this takeover but he’s leading people to believe it is.

 

I think the reporters have had genuine contact from the buyers and sellers, who all hope the takeover goes through and with their best intentions want to keep it in the news/as a positive light. However, the buyers and sellers have had this same confidence for 12 months... Nothing has happened and nothing has got closer. We’re not being told to wait until the summer.

 

As your own quote from the club says, they firmly believe enough legal evidence was shown proving the separation of PIF from the Royal family. If this is what the court case is attempting to resolve, then the whole Bein issue becomes irrelevant.

 

Now it might be that MA is after compensation but whatever the reason, he only wins the legal battle if its proven that PIF is separate in which case it opens up for the takeover again. At which point I believe PIF will come back to the table (relegation notwithstanding).

 

Whether or not he wins that case is another matter. Then Keith can swoop in and save the day with his legal action 

 

The first part isn’t true though. Arbitration is there to look at whether the PL followed it’s own processes. It cannot force the PL to make a determination either way on whether PIF are separate.

The PL can make whatever decision they like, providing they do it fairly in accordance to their own rules. NUFC’s argument is they haven’t followed their own processes by not making a determination.

 

The PL will only agree to the takeover if the piracy issues are resolved. NUFC may ‘win’ arbitration but the PL could just therefore issue a rejection because they believe PIF are state-backed.

 

No ones ever confirmed in a statement what the case is attempting to achieve have they, as its confidential?

[Fantail Breeze]

If it was off then why wouldn't AS say so? I can't think of a single reason why she wouldn't, she's not exactly shy about engaging the media and has done exactly that on a couple of occasions now.

 

This is on until someone significant says its off. It's as simple as that.

 

The main party in the consortium literally did say this.

 

So it's been off since that point in your eyes? If so then Ashley's statement and subsequent actions dont add up, furthermore there's enough out there to suggest PIF are still keen, even Luke Edwards accepted PIF were still on board. But further to my original point, we know how AS operates in these exact situations because she's been through them before so it makes no sense for us to believe she'd just slink off into the night without a single word being spoken.

 

Absolutely. It has been off since then.

 

Ashley’s statement and subsequent actions can be explained because he’s unhappy the deal is off. Why would he be fighting for a deal which is going ahead? He wouldn’t need to.

 

It may only be back on once multiple hurdles have been overcome - sadly none of them are even close.

 

Because he doesn't believe the test was carried out properly and feels it should have gone through? He even made direct reference to the fact PIF had provided information the EPL had requested. Those aren't the words of a man who believes this is dead.

 

Well actually, they are the words from a man who believes this is dead:

 

http://www.nufc.co.uk/news/latest-news/club-statement-1

 

Newcastle United can confirm that the Premier League has rejected a takeover bid made by PCP Capital Partners, the Reuben Brothers and the Public Investment Fund of Saudi Arabia (PIF) based on its Owners and Directors test.

 

This conclusion has been reached despite the club providing the Premier League with overwhelming evidence and legal opinions that PIF is independent and autonomous of the Saudi Arabian government.

 

The club and its owners do not accept that Premier League chief executive Richard Masters and the Premier League have acted appropriately in relation to this matter and will be considering all relevant options available to them.

 

Mike Ashley understands fans’ frustrations and would like to reassure them that he has been fully committed to ensuring this takeover process reached completion as he felt it was in the best interests of the club. Mike continues to be fully supportive to Steve Bruce, the players and all the staff and wishes them well for the upcoming season.

 

AS carried out an interview where she informed us the deal was off.

PIF released a statement withdrawing their bid.

MA released the above statement advising the takeover had collapsed.

 

What more do you want/need?

 

Richard Masters himself denied they'd rejected the takeover, and the club subsequently pursued arbitration on the issue of whether the OD test applied appropriately. I'm no legal expert but if the case was for compensation, then I'm not sure why the club would be pursuing it, and not Ashley himself. It's his asset after all.

 

It's worth mentioning that AS also engaged fan action on the issues which we obliged. The Reuben brothers released a statement confirming they're "totally supportive" of a resurrection of the takeover and there has been plenty written about PIFs continued interest. These aren't the actions of people who no longer see the takeover as a viable option.

 

Your last part answers the original point. The Reubens are supportive of a ‘resurrection’. You don’t tend to need to resurrect something that is currently active. The deal is currently off. There is no deal.

 

There only would be a deal if multiple complex issues are resolved (in addition to the arbitration). All of which currently look unlikely.

 

Ahh, so you're arguing semantics. Then yes, I agree there is no official bid on the table that is awaiting approval, but it's my concrete belief that there will be should the clubs "compensation" claim be successful (and we don't get relegated).

 

As above - that’s not true or possible. There is much more to it then just the arbitration.

 

Based on what out of interest?

 

Sorry, I don’t get what you mean? In my post I meant my reply to Hhtoon outlined why it’s more than just arbitration.

 

If you are asking what I’m basing this knowledge on... A lot of my knowledge is based from speaking to QCs with understanding of the process (not this specific incident). I may have misinterpreted what they told me, but I’ve tried to explain it the best I can. I have also spoken with people who live in (but are not from) KSA. My voews are my own but with theirs shared with me too.

[Fantail Breeze]

I’m not thinking the takeover is going ahead by a long shot, but, why are you not including the statements concerning the arbitration. If you’re going to use official statements to back your point, then don’t only use part of them which doesn’t paint the whole picture of what has happened.

 

I copied and pasted the whole statement.

 

 

Where’s the other statements that’s what I’m saying.

 

NUFC, AS or PIF haven’t released any other official statements. That’s the whole point.

 

What do you think arbitration is attempting to achieve?

Do you believe the reporters writing about buyers and sellers intentions are:

a. Lying and have had no contact?

b. Being lied to by buyers and sellers?

 

In either a or b, what is the motive?

 

I'm absolutely not saying I expect it to go through, but to try and be black and white about it seems a little obtuse.

 

I don’t know what arbitration is trying to achieve. If it was trying to achieve a sale, I’d have massive questions as to why MA is willing to spend millions of pounds on a court case but fail to pay off Bruce to avoid ruining the court case with a relegation. My feelings are MA is trying to get a compensatory claim.

 

Regardless of the arbitration though, that won’t resolve the real issues which are mainly piracy. MA might well win his claim, but the takeover still won’t happen until multiple complex issues in KSA/Qatar are resolved. That’s why people like Keith are full of s***. Telling people to wait for the outcome of the arbitration is pointless because it isn’t the sole deciding factor in this takeover but he’s leading people to believe it is.

 

I think the reporters have had genuine contact from the buyers and sellers, who all hope the takeover goes through and with their best intentions want to keep it in the news/as a positive light. However, the buyers and sellers have had this same confidence for 12 months... Nothing has happened and nothing has got closer. We’re not being told to wait until the summer.

 

As your own quote from the club says, they firmly believe enough legal evidence was shown proving the separation of PIF from the Royal family. If this is what the court case is attempting to resolve, then the whole Bein issue becomes irrelevant.

 

Now it might be that MA is after compensation but whatever the reason, he only wins the legal battle if its proven that PIF is separate in which case it opens up for the takeover again. At which point I believe PIF will come back to the table (relegation notwithstanding).

 

Whether or not he wins that case is another matter. Then Keith can swoop in and save the day with his legal action 

 

The first part isn’t true though. Arbitration is there to look at whether the PL followed it’s own processes. It cannot force the PL to make a determination either way on whether PIF are separate.

The PL can make whatever decision they like, providing they do it fairly in accordance to their own rules. NUFC’s argument is they haven’t followed their own processes by not making a determination.

 

The PL will only agree to the takeover if the piracy issues are resolved. NUFC may ‘win’ arbitration but the PL could just therefore issue a rejection because they believe PIF are state-backed.

 

No ones ever confirmed in a statement what the case is attempting to achieve have they, as its confidential?

 

No. But what you suggested isn’t possible. Arbitration cannot make a determination on whether PIF are state backed. Therefore your first paragraph cannot come to fruition.

 

As I said, the club could ‘win’ and arbitration could find the PL failed to follow it’s own processes. The PL could then go away and follow it’s own processes by formally rejecting the bid.

[Hhtoon]

I’m not thinking the takeover is going ahead by a long shot, but, why are you not including the statements concerning the arbitration. If you’re going to use official statements to back your point, then don’t only use part of them which doesn’t paint the whole picture of what has happened.

 

I copied and pasted the whole statement.

 

 

Where’s the other statements that’s what I’m saying.

 

NUFC, AS or PIF haven’t released any other official statements. That’s the whole point.

 

What do you think arbitration is attempting to achieve?

Do you believe the reporters writing about buyers and sellers intentions are:

a. Lying and have had no contact?

b. Being lied to by buyers and sellers?

 

In either a or b, what is the motive?

 

I'm absolutely not saying I expect it to go through, but to try and be black and white about it seems a little obtuse.

 

I don’t know what arbitration is trying to achieve. If it was trying to achieve a sale, I’d have massive questions as to why MA is willing to spend millions of pounds on a court case but fail to pay off Bruce to avoid ruining the court case with a relegation. My feelings are MA is trying to get a compensatory claim.

 

Regardless of the arbitration though, that won’t resolve the real issues which are mainly piracy. MA might well win his claim, but the takeover still won’t happen until multiple complex issues in KSA/Qatar are resolved. That’s why people like Keith are full of s***. Telling people to wait for the outcome of the arbitration is pointless because it isn’t the sole deciding factor in this takeover but he’s leading people to believe it is.

 

I think the reporters have had genuine contact from the buyers and sellers, who all hope the takeover goes through and with their best intentions want to keep it in the news/as a positive light. However, the buyers and sellers have had this same confidence for 12 months... Nothing has happened and nothing has got closer. We’re not being told to wait until the summer.

 

As your own quote from the club says, they firmly believe enough legal evidence was shown proving the separation of PIF from the Royal family. If this is what the court case is attempting to resolve, then the whole Bein issue becomes irrelevant.

 

Now it might be that MA is after compensation but whatever the reason, he only wins the legal battle if its proven that PIF is separate in which case it opens up for the takeover again. At which point I believe PIF will come back to the table (relegation notwithstanding).

 

Whether or not he wins that case is another matter. Then Keith can swoop in and save the day with his legal action 

 

The first part isn’t true though. Arbitration is there to look at whether the PL followed it’s own processes. It cannot force the PL to make a determination either way on whether PIF are separate.

The PL can make whatever decision they like, providing they do it fairly in accordance to their own rules. NUFC’s argument is they haven’t followed their own processes by not making a determination.

 

The PL will only agree to the takeover if the piracy issues are resolved. NUFC may ‘win’ arbitration but the PL could just therefore issue a rejection because they believe PIF are state-backed.

 

No ones ever confirmed in a statement what the case is attempting to achieve have they, as its confidential?

 

No. But what you suggested isn’t possible. Arbitration cannot make a determination on whether PIF are state backed. Therefore your first paragraph cannot come to fruition.

 

As I said, the club could ‘win’ and arbitration could find the PL failed to follow it’s own processes. The PL could then go away and follow it’s own processes by formally rejecting the bid.

 

Sure, arbitration can't make that judgement itself but there has to be linked ramifications. Why don't the PL just formally reject the bid if its just about their own processes?

[Kanj]

Give it a fucking rest ffs.

 

Fantail Breeze[/member] i don’t know you man, but you’re beating a dead horse and it’s not getting anywhere.

[Fantail Breeze]

I’m not thinking the takeover is going ahead by a long shot, but, why are you not including the statements concerning the arbitration. If you’re going to use official statements to back your point, then don’t only use part of them which doesn’t paint the whole picture of what has happened.

 

I copied and pasted the whole statement.

 

 

Where’s the other statements that’s what I’m saying.

 

NUFC, AS or PIF haven’t released any other official statements. That’s the whole point.

 

What do you think arbitration is attempting to achieve?

Do you believe the reporters writing about buyers and sellers intentions are:

a. Lying and have had no contact?

b. Being lied to by buyers and sellers?

 

In either a or b, what is the motive?

 

I'm absolutely not saying I expect it to go through, but to try and be black and white about it seems a little obtuse.

 

I don’t know what arbitration is trying to achieve. If it was trying to achieve a sale, I’d have massive questions as to why MA is willing to spend millions of pounds on a court case but fail to pay off Bruce to avoid ruining the court case with a relegation. My feelings are MA is trying to get a compensatory claim.

 

Regardless of the arbitration though, that won’t resolve the real issues which are mainly piracy. MA might well win his claim, but the takeover still won’t happen until multiple complex issues in KSA/Qatar are resolved. That’s why people like Keith are full of s***. Telling people to wait for the outcome of the arbitration is pointless because it isn’t the sole deciding factor in this takeover but he’s leading people to believe it is.

 

I think the reporters have had genuine contact from the buyers and sellers, who all hope the takeover goes through and with their best intentions want to keep it in the news/as a positive light. However, the buyers and sellers have had this same confidence for 12 months... Nothing has happened and nothing has got closer. We’re not being told to wait until the summer.

 

As your own quote from the club says, they firmly believe enough legal evidence was shown proving the separation of PIF from the Royal family. If this is what the court case is attempting to resolve, then the whole Bein issue becomes irrelevant.

 

Now it might be that MA is after compensation but whatever the reason, he only wins the legal battle if its proven that PIF is separate in which case it opens up for the takeover again. At which point I believe PIF will come back to the table (relegation notwithstanding).

 

Whether or not he wins that case is another matter. Then Keith can swoop in and save the day with his legal action 

 

The first part isn’t true though. Arbitration is there to look at whether the PL followed it’s own processes. It cannot force the PL to make a determination either way on whether PIF are separate.

The PL can make whatever decision they like, providing they do it fairly in accordance to their own rules. NUFC’s argument is they haven’t followed their own processes by not making a determination.

 

The PL will only agree to the takeover if the piracy issues are resolved. NUFC may ‘win’ arbitration but the PL could just therefore issue a rejection because they believe PIF are state-backed.

 

No ones ever confirmed in a statement what the case is attempting to achieve have they, as its confidential?

 

No. But what you suggested isn’t possible. Arbitration cannot make a determination on whether PIF are state backed. Therefore your first paragraph cannot come to fruition.

 

As I said, the club could ‘win’ and arbitration could find the PL failed to follow it’s own processes. The PL could then go away and follow it’s own processes by formally rejecting the bid.

 

Sure, arbitration can't make that judgement itself but there has to be linked ramifications. Why don't the PL just formally reject the bid if its just about their own processes?

 

Because then they have to justify it. Right now, they don’t and can pass the blame onto the consortium.

 

If they reject it without justification (in accordance to their own rules), it’d open the possibility to more/different proceedings.

 

Delay, delay, delay... In the hope it causes the consortium to pull out completely and never return, or the piracy issues are resolved. Whichever comes first.

[Hhtoon]

I’m not thinking the takeover is going ahead by a long shot, but, why are you not including the statements concerning the arbitration. If you’re going to use official statements to back your point, then don’t only use part of them which doesn’t paint the whole picture of what has happened.

 

I copied and pasted the whole statement.

 

 

Where’s the other statements that’s what I’m saying.

 

NUFC, AS or PIF haven’t released any other official statements. That’s the whole point.

 

What do you think arbitration is attempting to achieve?

Do you believe the reporters writing about buyers and sellers intentions are:

a. Lying and have had no contact?

b. Being lied to by buyers and sellers?

 

In either a or b, what is the motive?

 

I'm absolutely not saying I expect it to go through, but to try and be black and white about it seems a little obtuse.

 

I don’t know what arbitration is trying to achieve. If it was trying to achieve a sale, I’d have massive questions as to why MA is willing to spend millions of pounds on a court case but fail to pay off Bruce to avoid ruining the court case with a relegation. My feelings are MA is trying to get a compensatory claim.

 

Regardless of the arbitration though, that won’t resolve the real issues which are mainly piracy. MA might well win his claim, but the takeover still won’t happen until multiple complex issues in KSA/Qatar are resolved. That’s why people like Keith are full of s***. Telling people to wait for the outcome of the arbitration is pointless because it isn’t the sole deciding factor in this takeover but he’s leading people to believe it is.

 

I think the reporters have had genuine contact from the buyers and sellers, who all hope the takeover goes through and with their best intentions want to keep it in the news/as a positive light. However, the buyers and sellers have had this same confidence for 12 months... Nothing has happened and nothing has got closer. We’re not being told to wait until the summer.

 

As your own quote from the club says, they firmly believe enough legal evidence was shown proving the separation of PIF from the Royal family. If this is what the court case is attempting to resolve, then the whole Bein issue becomes irrelevant.

 

Now it might be that MA is after compensation but whatever the reason, he only wins the legal battle if its proven that PIF is separate in which case it opens up for the takeover again. At which point I believe PIF will come back to the table (relegation notwithstanding).

 

Whether or not he wins that case is another matter. Then Keith can swoop in and save the day with his legal action 

 

The first part isn’t true though. Arbitration is there to look at whether the PL followed it’s own processes. It cannot force the PL to make a determination either way on whether PIF are separate.

The PL can make whatever decision they like, providing they do it fairly in accordance to their own rules. NUFC’s argument is they haven’t followed their own processes by not making a determination.

 

The PL will only agree to the takeover if the piracy issues are resolved. NUFC may ‘win’ arbitration but the PL could just therefore issue a rejection because they believe PIF are state-backed.

 

No ones ever confirmed in a statement what the case is attempting to achieve have they, as its confidential?

 

No. But what you suggested isn’t possible. Arbitration cannot make a determination on whether PIF are state backed. Therefore your first paragraph cannot come to fruition.

 

As I said, the club could ‘win’ and arbitration could find the PL failed to follow it’s own processes. The PL could then go away and follow it’s own processes by formally rejecting the bid.

 

Sure, arbitration can't make that judgement itself but there has to be linked ramifications. Why don't the PL just formally reject the bid if its just about their own processes?

 

Because then they have to justify it. Right now, they don’t and can pass the blame onto the consortium.

 

If they reject it without justification (in accordance to their own rules), it’d open the possibility to more/different proceedings.

 

Delay, delay, delay... In the hope it causes the consortium to pull out completely and never return, or the piracy issues are resolved. Whichever comes first.

 

If they felt they could justify it then they'd just reject it surely and as you said earlier, the consortium have already pulled out.

 

Anyway, I don't think it's as dead as some believe but we're a long way off either way and I'm certainly not gonna bet on the outcome 

[Jackie Broon]

I’m not thinking the takeover is going ahead by a long shot, but, why are you not including the statements concerning the arbitration. If you’re going to use official statements to back your point, then don’t only use part of them which doesn’t paint the whole picture of what has happened.

 

I copied and pasted the whole statement.

 

 

Where’s the other statements that’s what I’m saying.

 

NUFC, AS or PIF haven’t released any other official statements. That’s the whole point.

 

What do you think arbitration is attempting to achieve?

Do you believe the reporters writing about buyers and sellers intentions are:

a. Lying and have had no contact?

b. Being lied to by buyers and sellers?

 

In either a or b, what is the motive?

 

I'm absolutely not saying I expect it to go through, but to try and be black and white about it seems a little obtuse.

 

I don’t know what arbitration is trying to achieve. If it was trying to achieve a sale, I’d have massive questions as to why MA is willing to spend millions of pounds on a court case but fail to pay off Bruce to avoid ruining the court case with a relegation. My feelings are MA is trying to get a compensatory claim.

 

Regardless of the arbitration though, that won’t resolve the real issues which are mainly piracy. MA might well win his claim, but the takeover still won’t happen until multiple complex issues in KSA/Qatar are resolved. That’s why people like Keith are full of s***. Telling people to wait for the outcome of the arbitration is pointless because it isn’t the sole deciding factor in this takeover but he’s leading people to believe it is.

 

I think the reporters have had genuine contact from the buyers and sellers, who all hope the takeover goes through and with their best intentions want to keep it in the news/as a positive light. However, the buyers and sellers have had this same confidence for 12 months... Nothing has happened and nothing has got closer. We’re not being told to wait until the summer.

 

As your own quote from the club says, they firmly believe enough legal evidence was shown proving the separation of PIF from the Royal family. If this is what the court case is attempting to resolve, then the whole Bein issue becomes irrelevant.

 

Now it might be that MA is after compensation but whatever the reason, he only wins the legal battle if its proven that PIF is separate in which case it opens up for the takeover again. At which point I believe PIF will come back to the table (relegation notwithstanding).

 

Whether or not he wins that case is another matter. Then Keith can swoop in and save the day with his legal action 

 

The first part isn’t true though. Arbitration is there to look at whether the PL followed it’s own processes. It cannot force the PL to make a determination either way on whether PIF are separate.

The PL can make whatever decision they like, providing they do it fairly in accordance to their own rules. NUFC’s argument is they haven’t followed their own processes by not making a determination.

 

The PL will only agree to the takeover if the piracy issues are resolved. NUFC may ‘win’ arbitration but the PL could just therefore issue a rejection because they believe PIF are state-backed.

 

No ones ever confirmed in a statement what the case is attempting to achieve have they, as its confidential?

 

No. But what you suggested isn’t possible. Arbitration cannot make a determination on whether PIF are state backed. Therefore your first paragraph cannot come to fruition.

 

As I said, the club could ‘win’ and arbitration could find the PL failed to follow it’s own processes. The PL could then go away and follow it’s own processes by formally rejecting the bid.

 

It seems to me that arbitration is far more likely to be used make a determination on the issue of PIF / the Saudi state than whether the PL has followed its process correctly.

 

The one thing we do know is that the PL’s only publicly stated issue is that they believe another ‘entity’ should be declared as a director and undergo the O&D test, and the consortium disagree. The whole purpose or arbitration is to settle disagreements such as that.

 

And it’s not about whether PIF are state backed, of course they are, it’s the state’s wealth fund; it’s about whether the state would be a shadow director of the club or would be taking control of the club.

 

If there is more to it than just that I think it’ll probably be around the whole legality of an owner’s and director’s test, whether the PL can lawfully impose a higher standard in relation to ownership and directorship of football clubs than is the case for any other company. De Marco has hinted at that in terms of restraint of trade being the big issue for this year in terms of sports law.

[nufcjb]

I like this thread. An absolute car crash.

[McCormick]

I think most people are overestimating the importance of this deal going through for PIF.

[Sho Time]

Not read the thread but I think based on Vision2030 this is a significant investment for them. There isn't another PL club that offers them the level of worldwide exposure that NUFC could.

[Wallsendmag]

Is it just me or do we seem to have a lot of “new members” post December 2020....all on the negative side

 

Trolls, other clubs doofuses or just shitheads like good old boy Lukey

 

This patter is almost as tragic as ‘Mag’ on RTG.

 

If you want to read blind optimism, I’m reliably informed there is a thread for that.

 

Only registered on here 5 weeks ago. Already familiar with RTG. Hmm seems a bit strange like.